The move is underway, but the real confirmation comes from the market structure. $ONDO is showing a bearish moving-average alignment on both the 4-hour and 1-hour charts, with price below the EMA50 and EMA200. In this setup, I generally don’t view a rebound as a reversal. Keep an eye on volume: it fails to pick up during upward pushes, while pullbacks are more decisive, suggesting sellers are still in control.
The key resistance is the dense cluster of moving averages overhead. Any bounce back toward it will likely be rejected. It’s safer to think in the direction of the trend—don’t rush to catch a falling knife. Wait for the structure to provide its own answer.
🔴 Trade direction: Short
📍 Entry range: 0.3736659 – 0.3747022
🛑 Stop loss: 0.3863944
🎯 Take profit 1: 0.3650263
🎯 Take profit 2: 0.3589211
🎯 Take profit 3: 0.3497632
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#ONDO
Click below to trade 👇
The key resistance is the dense cluster of moving averages overhead. Any bounce back toward it will likely be rejected. It’s safer to think in the direction of the trend—don’t rush to catch a falling knife. Wait for the structure to provide its own answer.
🔴 Trade direction: Short
📍 Entry range: 0.3736659 – 0.3747022
🛑 Stop loss: 0.3863944
🎯 Take profit 1: 0.3650263
🎯 Take profit 2: 0.3589211
🎯 Take profit 3: 0.3497632
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#ONDO
Click below to trade 👇